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The global wind turbine components market grew at a CAGR of around 6% during 2014-2019. Looking forward, the global wind turbine components market to continue its moderate growth during the next five years.
Wind turbine components refer to the devices used for converting kinetic energy generated from the wind to electric energy. It consists of an anemometer to measure the speed of the wind and transmit the data, multiple blades to rotate and cause the rotor to spin, a brake to stop the rotor mechanically, electrically or hydraulically, a controller to start up and shut off the machine, a generator and a gearbox.